The Brisbane housing market recorded a 0.2% rise in values over the month of July, which was the first month-on-month increase in values since November last year.
CoreLogic has released their newest housing market update for August 2019.
Brisbane’s downturn has been quite shallow, with local values only 2.9% below their peak.
The market peak was much later than Sydney and Melbourne’s, and followed a relatively mild growth cycle where growth in housing values has averaged only 1.4% per annum over the past five years.
There is little difference between the performance of houses and units across Brisbane, with values down 0.8% over the past three months across both sectors of the market.
Although values are still trending lower, the local unit market seems to have emerged from the supply hangover which has dragged values lower over the past few years.
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